Middle East Economic Survey
Investcorp To Set Up $250Mn Technology Fund
Bahrain-based Investcorp is seeking $250mn from Gulf investors in order to establish its second technology fund. New York-based Managing Director Savio Tung said the fund would be closed in November and start operations in December, investing the capital over a three-year period. Investcorps first technology fund was set up in 2001 with $210mn in capital, of which so far 80% has...